4+ NEW BUILD SEMI COMMERCIAL WALTON, LIVERPOOL
Focus Commercial sourced and arranged funding for the construction of 19 new build residential apartments and 2 semi-detached houses.
What we did
Focus arranged a full development senior debt funding facility for the full construction costs and associated professional fees to build a ground floor commercial retail unit with 4 self-contained apartments above for one of our keys returning developer clients.
At practical completion, Focus arranged a development exit refinance, which allowed the developer to release the project development profits to assist with the purchase of their next project professional fees for architects and planning fees.
Development guidance, expertise and services we provided:
Secured the project development funding for the site.
Prepared a detailed Development Appraisal to submit to the development lenders.
Confirmed to our returning developer client that the scheme was profitable and fit for funding presented through Focus.
Obtained Development 90% LTC Peak Senior Debt Funding.
Prepared a detailed Development Credit Paper to submit to the development lenders.
Prepared a detailed Development Appraisal to submit to the development lenders.
Prepared a detailed Development Cashflow Forecast to submit to the development lenders.
Liaised with the client’s architect.
Advised and arranged for our client Structural Defect Warranty Insurance.
Project Managed the whole loan process on behalf of client, dealing with the lender, valuer, lender IMS, lenders solicitors and client solicitors
Assisted our client with the lender’s IMS (Independent Monitoring Surveyors) requirements.
Advised our client what is needed for Practical Completion to ensure a smooth refinance for development exit finance.
I have been absolutely delighted with every aspect of the services they offer
“Over the four years I have been working with Focus, I have been absolutely delighted with every aspect of the services they offer. As a highly experienced builder and developer, with over 38 years in the construction industry, I needed a development finance expert to drive my first project. I had lost confidence in the Banks. John was the project manager of the drawdown process, and he guided me through every stage. His detailed appraisal, costing, viability evaluation and planning gain, legal knowledge, allied to his overall construction knowledge helped to make my first project an enormous success. I now have a very successful development and construction company and still work with Focus on all my project development funding requirements.
Focus have arranged acquisition, development, and development exit funding for every one of my now completed and successful projects. John is both knowledgeable, professional, and very approachable and friendly, and his team are very supportive. The system that Focus have has got to be the best on the market.”
Property Developer & Construction Contractor
Mark Cooper
Markbuild Construction